GREY:DRGDF - Post by User
Comment by
TedOwenson Nov 29, 2013 5:24pm
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Post# 21954996
RE:RE:Where do most see this stock in a few months
RE:RE:Where do most see this stock in a few monthsThe bottom line is that the Detour Gold cannot bring in production numbers which will allow them to meet their debt commitments due to both, the decline in the price of gold, and the lack of capital reserves in which to build the infrastructure to meet quotas which are needed to meet future obligations. The mine plan development and production timelines attached to infrastructure ramp up were apparently over optimistic and in the gold business, the price of the commodity you produce makes overzealous ideology during the early blue sky visions towards mining glory that much more influential in Detours current state. Big smiles have turned into long faces